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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?


To: donald sew who wrote (2701)3/13/2001 9:26:48 AM
From: Challo Jeregy  Respond to of 52237
 
posted at marketswing -

Lee and all - I have a thought.

It is not possible for a good, sustained [1 month (ggg)], believable rally to last when
prices are that close to trend lines and don't complete the closing of them. Eventually,
we will get there.

Options expire Friday, so we need an up day to clear those and to also lure more $$ in.
This retail sales # is the catalyst. CNBC's Kathleen Hayes looked at the #'s this am and
had to literally fight back a smile when she said "uh-oh, the #'s are way down". They
were Soooooooo happy to see that!(VBG- me too!)

I think we have a modest rally today, volatile as usual, closing up. Tomorrow (Wed)
creates an indecision candle and by Friday close (Monday open), we hit those trend
lines. That will set up to meet Donald's class 1 daily and weekly buy signals. And we
can have a nice rally for a month or so off of the rate-cut.

I'll edit now - I think next Monday will start a big rally and by FOMC we will still be at your half-way mark.